Latest Business News: Smartphone Laggard Nokia Picks up Pace Under CEO Elop

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Latest Business News: Smartphone Laggard Nokia Picks up Pace Under CEO Elop

by Wochit 0:53 mins

Latest Business News: Smartphone Laggard Nokia Picks up Pace Under CEO Elop

by Wochit 0:53 mins

Senior Nokia employees say CEO Stephen Elop, hired in 2010 to revive the once-undisputed leader in mobile phones, has forced them to make faster decisions, which has sped up everything from restructuring to the development of new handsets. U.S. sales of previously occupied homes dipped in June to a seasonally adjusted annual rate of 5.08 million in June but remain near a 3?-year high. GlaxoSmithKline, target of a bribery probe in China, said some executives may have broken the law, while rival drug maker AstraZeneca said police are investigating one of its sales representatives.

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